Iran Largest IPO to Date: Taban Farda on TSE

Iran Largest IPO to Date: Taban Farda on TSE

Tehran Securities Exchange Posted

Marking a significant milestone in Tehran Securities Exchange (TSE), the IPO of Taban Farda
Petrochemical Group took place on Monday, August 31, 2026. Welcomed by over 2 million
investors, this fourth IPO of the year heralds a new chapter for the capital market, as a major
industrial powerhouse officially enters the oil, gas, and petrochemical landscape.

The Initial Public Offering of 6 billion shares - representing 2% of the company's total equity -
was successfully conducted at TSE. The company is now listed as the 637 th issuer on TSE,
trading under the ticker symbol "TBAN" within the "Chemicals & By-products Sector". The
shares were priced at IRR 12,800 per share through a book-building process on the main board
of the secondary market.
The IPO saw overwhelming participation, with a total of 2,009,671 trading codes placing orders.
Ultimately, 1,992,924 investors were successfully allocated shares, with a maximum of 3,697
shares per trading code.
Taban Farda Petrochemical Group stands as one of Iran's leading diversified energy holding
companies, with strategic investments and operating assets spanning oil, gas, refining,
petrochemicals, lubricants, bitumen, and energy logistics. Originally established in 2005 and
acquired by the Oil Industry Pension Fund in 2012, the Group evolved into a specialized holding
by 2014, consolidating a robust portfolio of both publicly traded industry leaders, such as Persian
Gulf Petrochemical and Isfahan Oil Refining, and significant non-public entities like the
National Iranian Tanker Company. Through this diverse and integrated asset base, the Group
plays a pivotal role in advancing downstream industries, expanding the national energy value
chain, and driving sustainable value creation across the sector.